TKH GROUP NV : Things are clearly looking up
>Strong result in 1H2021, positive outlook 2H2021 - Sales, EBITA and adjusted net profit in 1H2021 came in well ahead of consensus with beats of 9%, 17% and 24% respectively with the key EBITA margin (or ROS in TKH terms) coming in at 11.6% vs consensus of 11.6%. Especially Industrial Solutions, due to a strong 2Q for Tyre manufacturing and strong growth in industrial connectivity cables (robotics, medical), outperformed with an EBITA margin of 11.0% vs 9.3% expected...TKH Group creates and supplies Telecom, Building and Industrial Solutions. Telecom Solutions develops, produces and supplies systems ranging from outdoor infrastructure for telecom and CATV networks through to indoor home networking applications. Building Solutions develops, produces and supplies solutions in the field of electro-technology ranging from applications within buildings through to technical systems that - combined with software - provide solutions for the care and security sectors. Industrial Solutions develops, produces and supplies solutions ranging from specialty cable, "plug and play" cable systems through to integrated systems for the production of car and truck tires.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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